There he goes again:
Chuck Grassley tweets on Feb. 1: I turn to History
channel frequently bc I like history There is
nevr any history unless u r an antique dealer.
Feb. 19: Just turned to history channel. No
history. I used to get history. Why do we h
v such a channel when it doesnt do history
Feb. 25: Just love history. So occasionally
I turn to history channel. “mud cats” when wi
they put history back on the channel
Feb 11: How come the media hasn’t highlited
the HYPOCRACY of PresO decision to accept SuperPac
money. Aftr all he campaignd agst!!!
Feb. 4: Evrybody asking how Romney”relates”to
avg person Me thinks”no problem” but if so I
hv answer “just lv starch out of shirt”
And our favorite:
Feb. 20: Test.
Unsolicited advice: If you’re going to misspell
hypocrisy, don’t put it in capital letters.
Suzanne Levitt was a Drake law professor for
10 years. Rika Lourens is the top executive
of a South African company that mines, trades,
cuts and sells diamonds, among other things.
According to a lawsuit filed this month in federal
court in Des Moines, in 2008 “Ms. Lourens contacted
Ms. Levitt...for the purpose of hiring her to
perform certain legal work.”
According to the lawsuit, Levitt, who is 51,
was to get $120,000 to help in the acquisition
of a mine in the U.S., was to move to South
Africa and be paid at least 500,000 rand per
year for further legal work there — a rand is
worth about 13 cents — and was to pay certain
travel and other expenses. And, it says, Levitt
was also promised a one-time payment of 1 million
rand. According to the lawsuit, Levitt was paid
$20,000 of that $120,000. And, it says, though
Levitt, who now is back in Des Moines, did the
promised legal work for three years in South
Africa, she was never paid a dime. Or a rand.
That all adds up to a lot of money, in any currency.
It works out to more than $400,000, not counting
expenses, that Levitt says she is owed in her
breach-of-contract suit. And that doesn’t count
the value of the shares in various diamond companies
that Levitt says she was promised but never
got. She — and her attorneys at Duncan, Green,
Brown and Langeness — have asked the Federal
court to award her the money she says she is
owed, plus interest and punitive damages.
Besides Lourens, defendants in the suit include
Demindex Resources Corp. and Louis Oosthuizen,
a lawyer for the company and Lourens. According
to the lawsuit, he was “aware throughout that
Ms. Lourens and Demindex did not intend to pay”
Levitt for her services.
Levitt’s “Linked-In” profile says she currently
is “professor of law and international mining
and resource development consultant.” It does
not say that she is unique among lawyers in
that she is willing to work for three years
without getting paid. ...
Gannett Co., which owns the daily newspapers
in Des Moines and Iowa City, continues to look
after its own — its own executives. To cut costs,
it plans to buy out as many as 665 employees,
including 25 or so in Des Moines and a couple
in Iowa City. To raise revenue, it plans to
start charging for some visits to the Gannett
internet site. Then, last week, it announced
it is raising its dividend a whopping 150 percent
— to 20 cents a quarter from 8 cents. Among
the major beneficiaries: Gannett executives.
A year ago, Gracia C. Martore, now the company’s
chief executive, owned 632,118 shares of stock.
On an annual basis, the increase in the dividend
will give her another $303,416.64 — as much
as the salaries of a handful of the employees
to be bought out in Des Moines. And that doesn’t
count the money she’ll get on the thousands
of shares she’ll be getting in coming years
as her stock options mature. Robert Dickey,
the head of the newspaper division, owned 242,570
shares as of the proxy statement that came out
10 months ago. The increased dividend will give
him another $116,430.60. In 2010, the latest
year for which figures are available, Martore,
who is 60 years old and was #2 in the company,
had total compensation of $5.4 million. She
was promoted to chief executive officer in October
of 2011. Dickey had total compensation of $2.8
million in 2010.
One other thing: A few weeks ago, Gannett reported
that 2011 earnings from continuing operations
were $1.89 a share. That was down about 20 percent
from the $2.35 of a year before. ...
Skinny apologizes to the wonderful Patrick Clancy
for calling him Patrick Casey in the print version
of last week’s column. CV